Recently, the "2012 China's auto parts industry annual meeting held in Wuhan Hannan auto parts manufacturing base, more than 350 manufacturers from home and abroad," the development of China's auto parts industry forum unanimously optimistic about China The prospects for the development of the automotive parts industry. From cost competition to quality competition, the transformation and upgrading of China's auto parts is to usher in a new era. China's auto market, there are at least 10-20 years of rapid growth, but the auto parts service and after-sales service market will be a long-term, stable and a huge market.

        Dong Yang, executive vice president of the China Association of Automobile Manufacturers, the Secretary-General, 2011, Chinese auto parts sales value has exceeded 2 trillion yuan, will maintain a 20% increase in the next few years. Scale output value of China's auto parts industry in 2015 is expected to reach 2.5 trillion yuan. Since 2002, China's auto production and sales to maintain the rapid growth of the past 10 years, the automobile industry has developed into a pillar industry of China's economy. In 2009, China's auto production and sales both exceeded 13 million, ranking first in the world, to 2011, China's auto sales exceeded 19 million, the highest in the world for three consecutive years.



        The data released by the China Association of Automobile Manufacturers show that the first 10 months of this year, China's auto production and sales exceeded 15 million, after several consecutive years of rapid growth of China's auto market, growth is slowing down, seems to have ushered in the "slight increase" era. However, the auto parts industry as part of the auto industry, its development prospects remain favorable. Dong Jianping, deputy secretary general of the China Association of Automobile Manufacturers said that from January to August this year, the total industrial output value of China's auto parts manufacturing industry reached 1.44 trillion yuan, an increase of 15.5% over the same period last year, slightly lower than 23.9% of the same period last year growth rate, but higher than the industry growth rate of 12.6%.



        "In addition to the vehicle manufacturers to promote the rapid development of the automotive parts industry, an increasingly large amount of car ownership, but also for auto parts in China to open a huge aftermarket." Said Dong Jianping, the next few years, China's auto parts industry is still will maintain the trend of rapid growth. Service and parts aftermarket since 2010, the sales revenue exceeded 200 billion mark, reaching 224 billion yuan by 2014, this figure will increase substantially to 652 billion yuan.



        Experts generally believe that the next five years, China's domestic parts market will maintain at least 20% of the average annual growth rate. Businessmen at home and abroad, however, optimistic about the growth opportunities in the auto parts industry in China is not only the market itself, but also because parts product upgrades and technical transformation. Zhao Guoqing, vice president of Great Wall Motor Company Limited, said the cost and price competition, China's auto parts industry in the future will be facing competition in product quality. Future market structure will be "whose product quality is good, who occupy the market share."